John Hunter Craig Acquires 70,000 Shares of BlackPearl Resources Inc. (PXX) Stock
BlackPearl Resources Inc. (TSE:PXX) Director John Hunter Craig purchased 70,000 shares of the company’s stock in a transaction that occurred on Friday, August 18th. The stock was acquired at an average price of C$1.02 per share, for a total transaction of C$71,400.00.
BlackPearl Resources Inc. (TSE:PXX) traded up 4.00% on Monday, reaching $1.04. The company’s stock had a trading volume of 19,556 shares. BlackPearl Resources Inc. has a 12 month low of $0.90 and a 12 month high of $1.91. The firm has a market cap of $349.72 million and a price-to-earnings ratio of 26.00. The firm has a 50 day moving average of $0.99 and a 200 day moving average of $1.20.
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PXX has been the topic of a number of research analyst reports. Scotiabank restated a “sector perform” rating and issued a C$2.00 price target on shares of BlackPearl Resources in a research note on Thursday, May 4th. TD Securities restated a “hold” rating and issued a C$1.45 price target on shares of BlackPearl Resources in a research note on Thursday, May 4th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of C$2.03.
BlackPearl Resources Company Profile
BlackPearl Resources Inc is a Canda-based oil and natural gas company, which is engaged in the business of oil and gas exploration, development and production in North America. Its primary focus is on heavy oil and oil sands projects in Western Canada. Its core properties include Onion Lake, Saskatchewan, which is a conventional heavy oil property, as well as a thermal enhanced oil recovery project; Mooney, Alberta, which is a conventional heavy oil property using horizontal drilling and alkali, surfactant, polymer flooding, and Blackrod, Alberta, which is a bitumen property located in the Athabasca oil sands region using the Steam Assisted Gravity Drainage recovery process.
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